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Dutch pension fund ABP said Tuesday it reached a settlement with JP Morgan Chase on a series of claims related to residential mortgage-backed securities it acquired from the US bank before the global credit crunch.

ABP, which suffered heavy losses during the financial crisis in 2008, said it reached a deal with JP Morgan that was "mutually satisfactory" and that the settlement resolves all litigation between the two parties. It didn't provide more details.

JP Morgan declined to comment.

Like many other institutional investors, ABP is locked in a series of legal proceedings against banks to recoup some of its losses from investments in RMBS portfolios. Many of the securities sank in value following the bust in the US housing market.

The US Securities and Exchange Commission said last month that JP Morgan and Credit Suisse Group had agreed to pay a combined total of more than $400m to settle allegations that they misled investors.

In December 2011, ABP filed a claim with the Supreme Court of the State of New York, accusing JP Morgan and some of its units of giving "false and misleading" information on RMBS securities it acquired from the US bank in 2006 and 2007.

The pension fund, which declined to say how much it has lost, alleged the securities were "far riskier" than had been suggested as they were backed by mortgage loans that were worth "significantly less" than had been represented.

ABP has filed similar claims against other banks, including Goldman Sachs and Credit Suisse. Those proceedings are ongoing.